2024 has been an active year for the Indian mutual fund industry, with various open-ended and close-ended schemes raising substantial funds across diverse categories.
Overview of 2024’s Mutual Fund Schemes
Indian mutual funds in 2024 have launched schemes that align with market demand for flexibility and sectoral investments, bringing in a mix of open-ended and close-ended schemes. Here, we dive into the number of schemes launched in each category and the total funds mobilised from January to September.
Open-Ended and Close-Ended Schemes: Key Highlights
- Open-Ended Schemes: A total of 145 open-ended schemes were introduced in 2024, mobilizing around Rs 93,463 crore. This includes popular categories like Index Funds, Sectoral/Thematic Funds, and Multi Cap Funds.
- Close-Ended Schemes: Fewer in number but still significant, close-ended schemes accounted for 7 new launches, raising approximately Rs 954 crore, largely driven by Fixed Term Plans.
Category-Wise Breakdown of New Schemes
Each mutual fund category introduced schemes tailored to various investment strategies and risk appetites:
- Income/Debt-Oriented Schemes:
- Long Duration Funds: 2 schemes raised Rs 109 crore.
- Medium to Long Duration Fund: 1 scheme mobilized Rs 72 crore.
- Growth/Equity-Oriented Schemes:
- Multi Cap Fund: 4 schemes collected around Rs 5,976 crore.
- Large Cap Fund: 2 schemes attracted Rs 1,454 crore.
- Hybrid Schemes:
- Multi Asset Allocation Fund: 8 schemes raised a total of Rs 7,435 crore.
- Dynamic Asset Allocation/Balanced Advantage Fund: 3 schemes raised Rs 1,598 crore.
- Thematic and Sector-Specific Funds:
- Sectoral/Thematic Funds: Leading in mobilization, these 33 schemes amassed around Rs 61,504 crore, addressing targeted sectors that investors found promising.
- ETF and Index Funds:
- Gold ETFs: 2 schemes with total funds of Rs 41 crore, catering to those seeking portfolio diversification with gold.
- Index Funds: 49 schemes launched, mobilizing an impressive Rs 9,478 crore, reflecting a growing trend towards passive investments.
- Other ETFs: 29 schemes raised Rs 1,200 crore, providing exposure to various market indices.
Significant Mobilisation by Category
Among the various schemes, Sectoral/Thematic Funds led with the highest fund mobilisation, totalling Rs 61,504 crore, showing a strong inclination towards sector-focused investments in 2024. Index Funds and Multi Cap Funds also attracted considerable investments, driven by their balanced risk and diversification benefits.
Conclusion
The mutual fund launches in 2024 reflect an industry that is evolving to meet investor preferences for both open-ended flexibility and sector-specific growth. With substantial fund mobilisations across diverse categories, this year has been particularly favourable for passive investment options, thematic funds, and balanced advantage funds, positioning the Indian mutual fund industry for continued growth.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
